i am an american citizen. is this possible? will i be taxed? what will the IRS think?
2007-02-25 18:36:18 · 6 answers · asked by COFF6000 2 in Politics & Government ➔ Law & Ethics
If it is part of an inheritance, it shouldn't be taxed, unless you are receiving over a million or it may be higher amount right now. I don't know about the property being in a different country. Here's the IRS FAQ site:
http://www.irs.ustreas.gov/faqs/
Hours of fascinating research lie ahead!
2007-02-25 18:42:46 · answer #1 · answered by Susan M 7 · 0⤊ 0⤋
Yes you can. The money can come over but you must first pay a smuggler $10,000 and it must run over the border at night. Next, the money must stand on the street and try to get some carpenter job day in and day out with other laborers.
2007-02-26 02:40:09 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Yes through proper banking channels with RBI approval. Contact your own bankers for necessary guidance.
2007-02-26 06:40:49 · answer #3 · answered by hanvis 4 · 0⤊ 0⤋
You have to declare it and upon declaration you will be asked to pay tax or be charge with money laundering.
2007-02-26 02:39:01 · answer #4 · answered by art_wur 3 · 0⤊ 0⤋
no you can't. some has to be payed to the authorities at mexico and some to the us authorities (if there is no corruption on the way)
2007-02-26 02:59:59 · answer #5 · answered by addiz 1 · 0⤊ 0⤋
yes, yes, yes and i donno
2007-02-26 02:38:17 · answer #6 · answered by bhagwaan 2 · 0⤊ 0⤋